British department stores group BHS on Monday entered administration, a form of creditor protection, putting about 11,000 jobs at risk.
Philip Duffy and Benjamin Wiles, managing directors of Duff & Phelps, have been appointed joint administrators, the restructuring firm said.
“The group will continue to trade as usual whilst the administrators seek to sell it as a going concern,” it said.
BHS employs about 8,000, while 3,000 contractors work with the 88-year-old firm which has 164 stores.
Its collapse into administration is Britain’s most high profile retail casualty since Phones4U in September 2014.